The forecast for the import of monoculars and telescopes to India shows a declining trend from 2024 to 2028, with values gradually decreasing from 14.87 thousand kilograms to 11.96 thousand kilograms. In 2023, the actual import stood higher than these projected figures. The year-on-year variation reflects a consistent decline, indicative of decreasing demand or possibly increasing domestic production. Over the last two years, the decrease has been consistent but modest, while the five-year compounded annual growth rate (CAGR) reflects a more significant downturn in imports.
Future trends to watch include developments in domestic manufacturing capabilities, shifts in government policies affecting import tariffs, and changes in consumer preferences which may influence the demand for optical devices. Additionally, technological advancements in optical products could alter market dynamics significantly.
